Testimony on Financial Institutions and Monetary Policy
SIFMA President and CEO, Kenneth E. Bentsen Jr. delivered testimony at a virtual hearing before the U.S. House of Representatives…
SIFMA submitted a comment letter to the Securities and Exchange Commission (SEC) regarding the removal of ratings and issuer diversification proposal for 2a-7 funds.
SIFMA respectfully urged the SEC to carefully consider SIFMA’s comments to ensure clarity when eliminating references to ratings in Rule 2a-7 and to ensure that the changes to Form N-MFP require reporting only of pertinent information.
SIFMA also urged the SEC to retain the exception to issuer diversification testing for securities with a guarantee by a non-controlled person of the issuer, to avoid a portfolio management constraint that will provide no clear benefit.
SIFMA President and CEO, Kenneth E. Bentsen Jr. delivered testimony at a virtual hearing before the U.S. House of Representatives…
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